Xoom Closes Its First Day On The NASDAQ At $25.49 Per Share, Up 59 Percent From IPO Price

A number of Silicon Valley investors are starting the long weekend with a smile. That's thanks to Xoom Corporation, the online money transfer technology and services company, which made a very successful debut today on the NASDAQ stock market. The company's stock zoomed (sorry, I had to do it) up a full 59 percent from its $16 per share initial public offering price to close out the trading day at $25.49. The IPO price itself, announced yesterday, was a boost from Xoom's previously projected share price range of $13 to $15.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/MNW5hulf2BQ/

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